Common use of Termination by Manager Clause in Contracts

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 days prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 8 contracts

Samples: Management Agreement (Ellington Credit Co), Management Agreement (Ellington Residential Mortgage REIT), Management Agreement (Ellington Residential Mortgage REIT)

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Termination by Manager. (i) The Manager may shall have the right to terminate this Agreement effective at any time, with or without cause, upon 60 sixty (60) days prior written notice of termination to Owner. Manager shall also have the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in right to terminate this Agreement and such default shall continue for a period of 30 upon thirty (30) days after written notice thereof specifying such default to Owner for non-payment of fees and requesting that expenses due Manager under the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination terms of this Agreement is made pursuant to this Section 13(e)(i).Agreement

Appears in 7 contracts

Samples: Lease Agreement (Secured Investment Resources Fund Lp Ii), Management Agreement (Secured Investment Resources Fund Lp Ii), Property Management Agreement (Secured Investment Resources Fund Lp Ii)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 thirty (30) days prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 thirty (30) days after written notice thereof specifying such default and requesting that the same be remedied in such 30 thirty (30) day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 6 contracts

Samples: Management Agreement (Gramercy Capital Corp), Management Agreement (Gramercy Capital Corp), Management Agreement (Sl Green Realty Corp)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 days prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 4 contracts

Samples: Management Agreement, Management Agreement (Ellington Financial LLC), Management Agreement (Ellington Financial LLC)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 days prior written notice of termination to the Company in the event that the Company or the Operating Partnership shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 4 contracts

Samples: Management Agreement (Ellington Financial LLC), Management Agreement (Ellington Financial LLC), Management Agreement (Ellington Financial LLC)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 days days’ prior written notice of termination to the Company Developer in the event that the Company Developer shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 30-day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 3 contracts

Samples: Management Agreement (HF Enterprises Inc.), Management Agreement (HF Enterprises Inc.), Management Agreement (SeD Intelligent Home Inc.)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 days days’ prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 30-day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 3 contracts

Samples: Management Agreement (American Housing REIT Inc.), Management Agreement (Global Medical REIT Inc.), Management Agreement (Ellington Housing Inc.)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 sixty (60) days prior written notice upon any of termination to the Company events set forth in Section 7.2 or in the event that Owner materially breaches any obligation hereunder and such obligation is not cured within thirty (30) days following written notice to Owner. Manager shall also have the Company shall default in the performance or observance of any material term, condition or covenant in right to terminate this Agreement and such default shall continue for a period of 30 no reason upon sixty (60) days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i)notice.

Appears in 2 contracts

Samples: Property Management Agreement, Property Management Agreement (American Community Properties Trust)

Termination by Manager. (i) The Manager may terminate this Agreement effective (i) at any time upon 60 days 180 days’ prior written notice to the Company informing it of termination the Manager’s intention to terminate this Agreement (provided that no such notice may delivered prior to the date that is 180 days after the Purchase Agreement Closing Date), and (ii) at any time upon 60 days’ prior written notice to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant contained in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 30-day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 2 contracts

Samples: Interim Management Agreement (Spirit Realty, L.P.), Interim Management Agreement (Spirit MTA REIT)

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Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 sixty (60) days prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 thirty (30) days after written notice thereof specifying such default and requesting that the same be remedied in such 30 thirty (30) day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i).

Appears in 1 contract

Samples: Management Agreement (Gramercy Capital Corp)

Termination by Manager. (i) The At any time Manager may elect to terminate this Agreement effective upon 60 by giving at least 120 days prior written notice of termination to the Company Owner, in the which event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue terminate on the date for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied termination specified in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i)notice.

Appears in 1 contract

Samples: Management Agreement (Overseas Partners LTD)

Termination by Manager. (i) The Manager may voluntarily terminate this Agreement effective upon 60 days prior with or without cause by serving written notice of such termination to the Company in specifying an effective date of such termination not later than thirty (30) days after the date of such notice. In the event that this Agreement is terminated by the Manager, the Company shall default in the performance will not have any obligation to provide any further payments or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay benefits to the Manager after the Termination Fee if the termination effective date of this Agreement is made pursuant to this Section 13(e)(i)such termination.

Appears in 1 contract

Samples: Employment Agreement (Graymark Healthcare, Inc.)

Termination by Manager. (i) The Manager may terminate this Agreement effective upon 60 30 days prior written notice of termination to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of may terminate this Agreement is made pursuant in the event that the Company becomes regulated as an investment company under the Investment Company Act, with such termination deemed to this Section 13(e)(i)occur immediately prior to such event.

Appears in 1 contract

Samples: Management Agreement (Crystal River Capital, Inc.)

Termination by Manager. (i) The After the Initial Period, Manager may shall be permitted to terminate this Agreement effective at any time, with or without cause, upon 60 days prior twelve (12) months’ written notice of termination to the Company in the event that the Company shall default in the performance (or observance of any material term, condition or covenant in this Agreement and such default shall continue for a shorter period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30 day period. The Company is required to pay to the Manager the Termination Fee if the termination of this Agreement is made pursuant to this Section 13(e)(i13.6(b)) to Company delivered after the expiration of the Initial Period and in accordance with Section 14.3 hereof.

Appears in 1 contract

Samples: Management Services Agreement (Golden Minerals Co)

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